Top Petrochemical Companies in Malaysia

The petrochemical industry in Malaysia has been a vital contributor to the country's economic growth, providing raw materials for various industries such as construction, automotive, and consumer goods. As of 2022, the petrochemical industry generated RM 65 billion in gross domestic product (GDP). The industry has seen an increase in employment, with a total of 15,000 employees in 2022, up from 14,000 in 2021. The industry has been undergoing significant transformations and disruptions, driven by a combination of government support, technological advancements, and changing market demands. In this article, we will examine the key statistics, factors contributing to growth, trends, challenges, and future outlook of the petrochemical industry in Malaysia.

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CompanyHeadcountContactDescriptionDecision Maker
BLACKSTONE PROCESS SOLUTIONS SDN BHD13 +60 3-2164 6181
enquiries@bps-int.com

Blackstone Process Solutions Sdn Bhd (Formerly known as Innovative Process Solutions Sdn Bhd), founded in 2006 by a group of engineers with vast experience in both local and international market in the oil and gas, petrochemical and refinery industries. Initially, we specialise in providing combustion equipment for the industries, and we have extended our services to provide full range of upstream and downstream process equipment. At present, BPS has transformed into an engineering consultant, specialising in providing technical services to major oil and gas operators, EPIC, contractor and independent fabricators in the Asia Pacific region. Our office which is based in Kuala Lumpur, Malaysia operate as integrated operations, which have extensive experience in the following; • Multidiscipline engineering capabilities, in executing Concept, Front End Engineering • Design (FEED) and Detailed Engineering Design for Oil and Gas Company • Operations support such as pre-commissioning, comm…

MY CO2 GROUP OF COMPANIES52 +60 3-5122 3386
ir@lmscompliance.com

MY CO2 is an award-winning independent laboratory, we plays a neutral role in providing high quality analytical testing services. We are currently operating in Perai (Penang), Shah Alam (Selangor) and Johor Bahru (Johor). Our modern laboratory facilities are capable of performing chemical, microbiology, nucleic acid and physical analyses for petrochemical, industrial, consumer ad pharmaceutical products. We specialise in the following categories: air pollutants, feed, health care, industry products, iron ore, noise, oil, radiation, toys and water. Apartment testing, we also offer industrial hygiene assessment and environmental monitoring services. Our laboratory has been accredited by the Department of Standards Malaysia, which is recognised by the International Laboratory Accreditation Cooperation. The approval was granted under the departments Laboratory Accreditation Scheme of Malaysia (SAMM No. 384, 564 and 752) as the laboratory meets the requirement of ISO/ICE 17025. We conduct …

MIR VALVE122 +60 3-5102 5000
sales@mirvalve.com

MIR VALVE is a top-tier Malaysian manufacturer offering the complete range of ball, gate and swing check valves serving the international oil & gas, petrochemical, refining and power industries. Since 2008, we have manufactured over 25,000 MIR valves which are today in service in onshore, offshore and subsea installations worldwide. Our technology and quality are proven in service. With over 112 employees and a plant located in Kuala Lumpur, (Shah Alam Malaysia), and sales offices in Jakarta, Dubai and a rep office in Milan, we are culturally in-tune with all markets. Our Quality Management System and products are certified to all standards including ISO 9001, ISO 14001, OHSAS18001. We are an approved manufacturer with over 100 major oil and gas companies. We comply and meet the most stringent customers requirements for the qualification of our products through extensive testing, such as firesafe, low temperature down to -196°C, high temperature up to 500°C, fugitive emission, en…

VERTIS TECHNOLOGIES18 +60 3-2202 2388
info@vertistechnologies.com

We are a Process Technologies and Engineering Solutions provider in the Energy and Chemicals Industries.

SSESSMENTS SDN BHD 201701026321 (1240487-K)37 (blank)
sales@ssessments.com

Our mission is to help our customers navigate the challenging waters of commodities, chemicals, and plastics, by providing top-notch market intelligence in a format of customers choice, as well as introductions to potential business partners.

HENGYUAN REFINING COMPANY BERHAD (FORMERLY KNOWN AS SHELL REFINING COMPANY BERHAD)272 +60 6-641 2000
hrcpd-corporate-affairs@hrc.com.my

Hengyuan Refining Company Berhad (HRC), formerly known as Shell Refining Company (Federation of Malaya) Berhad (SRC), was incorporated in Malaysia on 19 September 1960. The company was listed on the Main Board of the then Kuala Lumpur Stock Exchange (now known as the Main Market of Bursa Securities) on 29 October 1962. On 22 December 2016, Malaysia Hengyuan International Limited (MHIL) acquired 51.0% equity stake in SRC from Shell Overseas Holdings Limited for USD 66.3 million. MHIL is wholly-owned by Heng Yuan Holdings Limited, which in turn, is a wholly-owned subsidiary of Shandong Hengyuan Petrochemical Company Limited. Hengyuan Refining Company Berhad (HRC) manages and operates a refinery in Port Dickson, Negeri Sembilan with licensed production capacity of 156,000-bpd. This facility is involved in the refining and manufacturing of petroleum products, and provides employment for more than 500 individuals comprising of staff and contractors.

KEMAMAN BITUMEN COMPANY SDN BHD220 +60 9-860 1800
info@kbc.com.my

Incorporated in Malaysia on 21 April 2003, Kemaman Bitumen Company Sdn Bhd (KBC) is owned by Tipco Asphalt Public Company Limited (Thailand). KBC aims to bring you satisfaction with excellent quality products and supply realibility to realize your companys growth vision. With our refinery in Kemaman, Terengganu, Malaysia, and focus in bitumen technology, we are your preferred bitumen partner that you can rely on to build a competitive and sustainable future. Incorporated in Malaysia on 21 April 2003, Kemaman Bitumen Company Sdn Bhd (KBC) is owned by Tipco Asphalt Public Company Limited (Thailand). Located at Telok Kalong Industrial Area, Kemaman, Terengganu, Malaysia, KBCs bitumen refinery will produce and trade petroleum and petrochemical products such as various grades of bitumen, Vacuum Gas Oil (VGO), Atmospheric Gas Oil (AGO), Kerosene, Naphtha, and Fuel Oil. With target production of 800,000 – 1,000,000 tons of bitumen per annum, KBC will become a key bitumen player in the r…

INTRALINK TECHNO SDN BHD38 +60 3-8723 5388
sales@intralinktechno.com

Intralink Techno Sdn Bhd is the leading manufacturer of Pultruded Fiber Glass Reinforced Plastic (FRP) Product for Energy (Oil & Gas & Power), Cooling Tower, FPSO, petrochemical industries and special application for the industrial markets and infrastructure facilities with an unequalled track record.

LEAN GIAP GROUP OF COMPANIES29 +60 4-262 4786
customerservice@leangiap.com

Lean Giap Group of Companies is a leading plastic key player within the industry since 1979 and have been delivering on the promise of high quality products and services. The group is rated TOP 3 in Malaysia as the distributors and agents for more than 15 petrochemical companies worldwide by serving more than 400 active plastic manufacturers monthly in Asia. The groups success is driven by its dedicated people and its commitment towards responsible operation, excellent execution, innovative technologies application and profitable growth with opportunities ahead. As we are at this important change and transformations strategy in our organization towards a leading plastic circularity solution provider partner to all our stakeholders, we are reskilling and upskilling our team members accordingly and be an inspiration and to enhance our role as a key stakeholder in the adoption of sustainable practices and the circular economy in the plastic industry. #ThinkPlasticThinkCircular #…

TMM ENGINEERING SERVICES SDN. BHD.85 +60 13-758 7520
admin@tmmintegrated.com

TMM Engineering Services Sdn Bhd was incorporated on 7th January 1994 , under Malaysian Company Act with 100% owned by Bumiputra. Over the last many years operation, experienced and highly skilled support by the staffs, TMM is able to cater and maximize its services to customer with all capabilities. In addition TMM Engineering has been awarded the prestigious of BSN EN ISO 9001 : 2000 since August, 2003. This high achievement has shown the company commitment towards continuous achievement. TMMs growth is the outcome of strict attention to market forces, quality assurance principles, excellent workmanship and optimum economy in the use of man power, material & time. These fundamental strengths of the company enable it today, to handle state-of-the art and multi-discipline in engineering, procurement, construction, commissioning a maintenance projects in oil, gas and petrochemical industrial. Over years we have assembled a highly qualified technical staff with a commitment to professi…

MFE MENTARI RESOURCES1 +60 13-350 5841
sales@mfemarketing.com

The members of consortium involved in palm oil exporting, agribusiness, food and R&D activities, rubber manufacturing. MFE MENTARI RESOURCES are providing Malaysia produced premier products with international Quality Assurance standard. We are committed to ensuring sustainable and economically viable sustainable supply chains and better sourcing.

NEXUS ANALYTICS22 +60 3-7845 1111
info@nexus-analytics.com.my

As a leader in the distribution and support of scientific research products in South East Asia, Nexus Analytics represents renowned manufacturers from around the world in providing current and next-generation tools and technologies focusing on integrated solutions and applications. We exclusively represent and support leading brands of analytical instruments and consumables including: ◽ Molecular & Raman Spectroscopy and Infrared Spectroscopy (FTIR/ FT-NIR) (Thermo Scientific) ◽Thermal & Thermophysical Analysis and Rheology (Netzsch) ◽ Particle Characterization (Horiba Scientific) ◽ Viscometry, Tensiometer & Surface Analyzer System (Lauda Scientific) ◽ Material/ Physical Testing (Tinius Olsen) ◽ High-Performance Thin Layer Chromatography -HPTLC (CAMAG) ◽Food Quality Testing & Measuring Extruders/ Mixers (Brabender) ◽ Mercury & Arsenic Analyzer (PSA) ◽Food & Agriculture Analysis (FOSS) ◽Separation & Purification (Tosoh) These instruments are essential for both Q/C and Research, fo…

EXIGENT SOLUTIONS SDN BHD4 +60 3-3310 0006
admin@exigent.my

Were Exigent Solutions, and were proud to be innovators of the highest standard, delivering reliable and cost effective solutions for the industry. Through meticulous and reliable work, we aim to become a leading solution provider for oil & gas and petrochemical industry, with global reputation for innovation and excellence. Learn more to find out our services.

DPSTAR GROUP84 +65 9025 2029
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Dpstar Group has been specialising for the past 30 years in 8 core business verticals from end-to-end design, development, manufacturing, system design and engineered solutions. Our ISO accredited factory is one of Asias largest in electrical heaters, process heaters, thermocouples, temperature sensors. North America, Europe, and Asia account for our thermal solutions and enginereed products Our 8 business includes an extensive portfolio of products and solutions for our partners and clients: 1. Industrial Electric Heaters, Process Heaters, Heating Elements Process Heaters, Fuel Gas, Oil & Gas Heaters, Immersion Heaters, Finned Heater, Band Heaters, Teflon Heaters, 2. Thermocouples (Temperature Sensors) Type J,K,E,T,N,B,R,S, PT50, PT100, PT500, PT1000, Thermistor 3. Instrumentation, Sensors, Analysers Temperature, Humidity, Pressure, Air flow Flowmeters, Level, Dew Point, Oxygen, and so on 4. Electrical Heat Tracing Solutions Dpstar offers complete solutions with design, en…

ALFA PERSADA SDN BHD6 +60 3-3884 0258
inquiries@alfapersada.com

APSB commenced on 28th JAN 2011 formally known as QM INNOVATIVE CONSULTANCY It is fully owned by Bumiputera and was primarily involved in oil & gas, petrochemicals, automotive, industrial manufacturing and heavy industries since 2006. Since its operation commence, APSB has continuously developed and diversified its capabilities in their scope of service. 30 years of experience collectively among the consultants provides the following type of training and consultancy required: - a.  ISO 9001 Quality Management System b. ISO 14001 Environmental Management System c. OHSAS 18001 OHS Management System d. ISO 17025- Lab Accreditation e. ISO 13485 - Medical Devices f. ISO/TS 16949 - Automotive  g. Integrated Management System h. Emergency Response Preparedness i. Other customize Consultancy and Training Package Teach you how to plan, develop, implement, manage and maintain a successf…

CONCORD CORPORATION PTE LTD80 +60 7-352 1242
recruit@cepl.com.sg

With a modest start-up as an electrical installer/sub-contractor in 1984, Concord has established a market reputation with its commitment in quality, on-schedule completion and guaranteed performance. We provide design engineering, procurement, project management, installation, test & commissioning, and maintenance for all spectrum of electrical and instrumentation projects in power distribution, signaling and communication system and have demonstrated our capability and commitment to meet customers requirements. Our key focus is in rail/transportation infrastructure, power, petrochemical and pharmaceutical plants. With more than 30 years of experience and continuous cultivation, we possess an invaluable asset of experienced and dedicated project management, engineers, technicians and skilled workforce with presence in Singapore, Malaysia, Dubai, Doha and Macau. The management principle is driven by our policy to consistently improve our service quality and to add value to our custo…

PWD ENERGY SDN BHD1 +60 86-316 324
info@pwd-engineering.com

PWD ENERGY, a subsidiary of PWD ENGINEERING, is a local based company established with the intention to serve the energy industry by providing power solution and services to the oil & gas, petrochemical, power generation and distribution as well as the construction industry. We offer technical consultancy, training, inspection, testing & commissioning, maintenance and site support services. Our focus is to help client in optimizing their resources and cost. We achieve this by providing a strategic planning, listening to their concerns, evaluation and customizing a testing and maintenance planning and execution.

DSCAFF GROUP58 +60 3-6201 5722
info@dscaff.com

Established in 2013, Dscaff is now a leading scaffolding service providers in Malaysia. We provide industrial services across a number of industries, including oil & gas, petrochemical, pharmaceutical, power generation, marine, utilities, infrastructure, and construction. Our multi-disciplined teams specialise in providing innovative, efficient and bespoke solutions to meet our clients challenges. Dscaffs operating model places greater emphasis on collaboration and relationship building with our clients where we can share expertise and skills. Our specialisations include, but not limited to: 1) Scaffolding 2) Stairform 3) Safety system Dscaff currently has 14,000 tonne of scaffolding materials across 3 strategically located warehouses to support nationwide demands.

MECIP GLOBAL ENGINEERS SDN. BHD.140 +60 9-826 6071
admin@mecipglobal.com.my

GLOBAL EXPERTISE, LOCAL SOLUTIONS MECIP is a multi-discipline engineering consultancy firm providing Project Engineering, Project Management, Feasibility/Conceptual studies, Basic Engineering Design, Detail Engineering Design, Information Management and other services* for a very broad spectrum which includes; Process petrochemical Plants Electrical & Instrument Mechanical & Building Services Piping & Process Civil & Structural MECIPs key personnel comprise of highly experienced engineers and specialist as well as affiliates in Singapore, Norway, United Kingdom and United States to support our services to; Petroleum Oil Refineries Petrochemical plants Power plants Onshore and Offshore Oil & Gas Production, Processing and Storage Facilities Water Treatment Facilities Incineration facilities Industrial and Environmental Projects Government Agencies, Local Authorities and Statutory Bodies Private Enterprises With a proven tra…

TOTAL DYNAMIC ENGINEERING SDN BHD63 +60 6-651 6878
admin@totaldynamic.com.my

TOTAL DYNAMIC ENGINEERING SDN BHD (“TDE”) is the leading technical service provider who provides top-notch quality of service in the oil, gas and petrochemical industry, serving a diverse range of customers that include multinational oil majors, national oil companies as well as multinational engineering and service providers located throughout Malaysia. Headquartered in Port Dickson, TDE is a global player with a staff strength of 120 employees. Our national footprint includes offices and facilities in Port Dickson, Malacca and Pengerang. TDE is certified in the areas of Quality (ISO 9001:2015) and Occupational Safety and Health Management System (OHSAS 18001:2007). Our associate company, TOTAL DYNAMIC RESOURCES SDN BHD (“TDR”) is licensed under PETRONAS to provide comprehensive, advanced technology and highly skilled resources & services in various areas of Plant Project Construction & Maintenance Services.

Top Petrochemical Companies in Malaysia

Factors Contributing to Growth and Success:

The Malaysian government has played a vital role in driving the growth and success of the petrochemical industry. The government has launched several initiatives to promote the industry's competitiveness and sustainability, such as the National Petrochemical and Refining Integration Policy, National Industry 4.0 Policy, and the Green Technology Master Plan. These initiatives aim to promote innovation, digitalization, and sustainability, providing funding, training, and networking opportunities for the industry.

The increasing demand for petrochemical products, particularly in the Asia-Pacific region, has also contributed to the success of the petrochemical industry in Malaysia. The industry has responded by developing innovative petrochemical products that cater to different industries and applications, promoting value-added manufacturing and exports.

Industry Growth and Comparison to Previous Years:

The petrochemical industry in Malaysia has been growing steadily, with a compound annual growth rate (CAGR) of 4.6% from 2010 to 2022. The industry's growth rate slowed down in 2020 due to the COVID-19 pandemic but rebounded slightly in 2021 and 2022.

The olefins and polyolefins segment has been the primary driver of the petrochemical industry's growth, with a CAGR of 5.2% from 2010 to 2022. The industry has also seen growth in the aromatics and fibers segment, with a CAGR of 3.8% over the same period.

Key Trends:

Technological disruptions have been a significant trend in the petrochemical industry in Malaysia. The industry is rapidly adopting new technologies such as digital twins, artificial intelligence, and blockchain to enhance manufacturing efficiency, product quality, and supply chain management. The adoption of these technologies has led to the development of innovative petrochemical products and services, expanding the industry's scope beyond traditional petrochemical manufacturing.

Another significant trend in the industry is the increasing focus on sustainability and circular economy. The industry is moving towards developing petrochemical products and services that promote environmental protection, resource efficiency, and waste reduction, promoting a sustainable and responsible business model.

Challenges:

Despite the growth and success of the petrochemical industry in Malaysia, it faces several challenges. One of the significant challenges is the competition from other petrochemical-producing countries, particularly in the Middle East and China. The industry needs to enhance its competitiveness and adopt new technologies and practices to compete effectively in the global market.

Another challenge is the increasing pressure from environmental and social stakeholders to promote sustainable and responsible petrochemical production and consumption. The industry needs to work with the government and relevant stakeholders to develop and implement sustainable petrochemical policies and practices, promoting environmental protection and social responsibility.

Future Outlook:

The future outlook for the petrochemical industry in Malaysia is positive, with opportunities for growth and innovation. The industry is expected to grow at a CAGR of 5.2% from 2022 to 2027, driven by the increasing demand for petrochemical products, technological advancements, and government support. The government's focus on innovation, digitalization, and sustainability will create opportunities for the industry to expand its market reach, develop new products and services, and collaborate with other sectors such as renewable energy and smart cities.

The industry is also expected to benefit from the increasing adoption of circular economy and sustainable production practices, particularly in the manufacturing segment. The industry can leverage Malaysia's strategic location, skilled workforce, and business-friendly environment to develop innovative and sustainable petrochemical solutions, promoting a responsible and competitive business model.

Conclusion

In conclusion, the petrochemical industry in Malaysia has been a critical contributor to the country's economic growth, driven by government support, changing market demands, and technological advancements. The industry has faced challenges such as competition from other petrochemical-producing countries and pressure from environmental and social stakeholders, but its future outlook remains positive, with opportunities for growth and innovation. The industry needs to continue to focus on competitiveness, sustainability, and adoption of new technologies and practices to sustain its growth and relevance in the global market. With the right strategies and support, the petrochemical industry can become a significant contributor to Malaysia's economic growth, promoting job opportunities, technological advancements, and sustainable development.

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By Melissa Goh
Published on 22 May 2023